Are Greed & Stupidity Causes of Recession?

A recession is a business cycle contraction when there is a general decline in economic activity. We have seen just as the market can become overwhelmed with greed; it can also succumb to fear. Just as greed dominates the market during a boom, fear prevails following its bust.The recession is nothing but the greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Continue reading Are Greed & Stupidity Causes of Recession?

Indrajit RoyChoudhury10 Oct 202212 Mar 202316 Comments

Opinion

Dollar-Rupee Heading 80 & May Hit 82

The Indian rupee has plunged more than 6 per cent against the US dollar this year and tumbled to record lows against the American currency in recent weeks, weighed down by broad strength in the greenback and as investors retreated from domestic share markets. This is in spite of the Indian central bank’s conviction and actions to stall a freefall. The Reserve Bank of India (RBI) has attempted to save the vulnerable rupee. The analysts say the dollar is likely going to remain strong for the next three months, possibly to the end of the year. The Fed wants to maintain a strong dollar so that the dollar can remain the world’s major reserve currency. Continue reading Dollar-Rupee Heading 80 & May Hit 82

Indrajit RoyChoudhury06 Jul 202212 Oct 20227 Comments

Mixed Bag

Amazing! £110 Million in One Trade

A sensible prediction on a seemingly obvious outcome on how the markets would react following the British referendum on European Union membership by 36-year-old hedge fund manager James Hanbury has resulted in a vast win of £110 million ($148 million). Continue reading Amazing! £110 Million in One Trade

Indrajit RoyChoudhury01 Jul 201617 Mar 202118 Comments